pocketful logo light
pocketful logo light

Beneficiary

calender iconUpdated on December 03, 2023
insurance
personal finance

Table of Contentstable of content icon

Sure, the definition of beneficiary is:

Beneficiary: A person or organization that receives a benefit or payment from a trust or other legal arrangement.

In other words, a beneficiary is the person or organization that is entitled to receive the benefits of a particular asset or financial arrangement.

Categories